Nike Inc (NKE) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in shares of Nike Inc (NYSE:NKE) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 347,944 shares of the footwear maker’s stock after purchasing an additional 76,964 shares during the period. Nike makes up about 0.6% of WINTON GROUP Ltd’s portfolio, making the stock its 24th biggest position. WINTON GROUP Ltd’s holdings in Nike were worth $29,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NKE. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Nike in the 2nd quarter valued at $104,000. BDO Wealth Advisors LLC boosted its holdings in shares of Nike by 1,044.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after acquiring an additional 1,274 shares during the last quarter. Polaris Greystone Financial Group LLC purchased a new stake in shares of Nike in the 3rd quarter valued at $119,000. CSat Investment Advisory L.P. purchased a new stake in shares of Nike in the 2nd quarter valued at $119,000. Finally, Global Trust Asset Management LLC boosted its holdings in shares of Nike by 1,253.8% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,760 shares of the footwear maker’s stock valued at $149,000 after acquiring an additional 1,630 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

Shares of NYSE NKE opened at $77.42 on Friday. Nike Inc has a 1 year low of $55.08 and a 1 year high of $86.04. The firm has a market cap of $121.60 billion, a P/E ratio of 32.02, a PEG ratio of 2.39 and a beta of 0.77. The company has a current ratio of 2.31, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Nike had a net margin of 5.57% and a return on equity of 40.69%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. On average, research analysts anticipate that Nike Inc will post 2.62 EPS for the current year.

Several analysts have recently commented on the stock. Wedbush upped their price objective on shares of Nike from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 10th. Morgan Stanley reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Nike in a report on Wednesday, September 12th. Wells Fargo & Co set a $82.00 price objective on shares of Nike and gave the company a “neutral” rating in a report on Monday, August 6th. Telsey Advisory Group upped their price objective on shares of Nike from $87.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, September 18th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $76.00) on shares of Nike in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $85.63.

In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $85.05, for a total transaction of $1,360,800.00. Following the completion of the transaction, the director now directly owns 26,963 shares in the company, valued at $2,293,203.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 17,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $83.15, for a total transaction of $1,413,550.00. Following the transaction, the executive vice president now owns 104,737 shares of the company’s stock, valued at $8,708,881.55. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $4,219,350 over the last 90 days. 3.90% of the stock is currently owned by company insiders.

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About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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